Asia’s Ultra-Rich Turn Gold Traders Amid Soaring Demand
Asia’s richest families are taking a hands-on approach to gold, running operations more like 19th-century trading houses than passive investors. Multi-family offices and dealers such as Cavendish Investment Corp., J. Rotbart & Co., and Goldstrom are sourcing gold from African mines, refining it in Hong Kong, and selling it to…
Gold Rebounds as Traders Await Key U.S. Inflation Data
Gold rebounded slightly after Monday’s selloff, with markets eyeing U.S. CPI data due later today for signals on the Fed’s interest rate path. Analysts say a weaker-than-expected core CPI could boost the odds of a September rate cut — currently seen at 85% — which would favor gold by reducing…
US Mortgage Rates Tumble To Lowest Level Since April
US Mortgage Rates Tumble To Lowest Level Since April Authored by Naveen Athrappully via The Epoch Times, The average 30-year fixed-rate mortgage fell to 6.63 percent for the week ending Aug. 7, the lowest level since April, according to new data from Freddie Mac. “The decline in rates increases prospective homebuyers’ purchasing power and our […]
Trump’s No-Tariff Pledge Brings Calm to Gold Market
US gold futures and spot prices have moved back in line after President Trump reassured markets that imported bullion will not face US tariffs. Last week, a surprise ruling from US Customs caused futures prices on COMEX to spike over $100 above London spot prices. Trump’s post, “Gold will not…
Goldman Finds “Inflection Point” With Humanoid Robots; We Tested Unitree’s Robodog
Goldman Finds “Inflection Point” With Humanoid Robots; We Tested Unitree’s Robodog Goldman analyst Jacqueline Du attended the 2025 World Robot Conference (WRC) in Beijing, China, this past weekend and spoke with executives from some of the top humanoid robot companies to gauge the state of the industry, with the overall consensus that the “ChatGPT moment” for […]
Gold Trading Volume: Why $227 Billion Daily Trades Matter for Investors
Every second, millions of dollars worth of gold changes hands across global markets. In 2024, daily gold trading volume grew to an astounding $227 billion — a 39% jump from 2023’s $163 billion average. This explosive growth isn’t just a number; it’s a powerful signal of gold’s evolving role in modern…
Goldman Finds “Sharp Declines” In Import Prices As Foreigners Absorb Trump’s Tariffs
Goldman Finds “Sharp Declines” In Import Prices As Foreigners Absorb Trump’s Tariffs Back in late June, we were first to point out something startling: contrary to conventional wisdom according to which prices of heavily-tariffed goods would surge and spark runaway inflation (just skim this from certified idiot Paul Krugman), we found just the opposite, namely that […]
World Gold Council: Gold Tests Key $3,351 Level as Triangle Pattern Nears Completion
Gold faces a critical test at $3,351/oz – a break above this level would confirm the uptrend continues. Last week saw mixed signals: new tariffs were implemented, UK and India central banks made cautious policy moves, and US economic data weakened even as strong corporate earnings lifted stocks. The biggest…
Gold Market in Chaos: White House Promises Quick Fix After Tariff Confusion Halts Bullion Flights
The White House plans to issue an executive order to clarify confusion about gold bar tariffs after the U.S. Customs and Border Protection indicated that popular 1-kilogram and 100-ounce gold bars would be subject to country-specific import tariffs. This ruling stunned the gold industry, with Switzerland facing a potential 39%…
Tariff Chaos Sends Gold Markets Into Turmoil, Then Retreat
Gold futures retreated Monday after the Trump administration promised to clarify “misinformation” about new tariffs on gold bars that had sent prices soaring to record highs last week. The confusion stemmed from a US Customs ruling suggesting certain gold bars would face import duties, causing futures to spike over $100…